Australian financial giants in £550m battle for OMGI buyout
"Small handful" of bidders
Richard Buxton, CEO of OMGI
Two Australian financial services firms have engaged in a £550m bidding war for Old Mutual Global Investors (OMGI), the asset management arm of Old Mutual, according to reports.
Challenger and Macquarie Investment Management are two of a "small handful" of bidders for the £25bn stake in the asset management arm of the Anglo-South African financial services group, according to...
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